“The Federal Housing Administration is going broke, and I’m afraid it’s on the verge of asking for a bailout.There’s proof in a secret report that they’ve kept away from Congress and taxpayers of their massive deficits. FHA backs 26% of all new mortgage purchases, so taxpayers deserve to know the real risk involved here. I’m asking FHA to come clean with us about the results of this hidden report.”

– Sen. David Vitter